IRIS Accounts Production v23.3.0.418 13215903 director 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132159032022-05-31132159032023-05-31132159032022-06-012023-05-31132159032021-05-31132159032021-06-012022-05-31132159032022-05-3113215903ns10:Originalns15:EnglandWales2022-06-012023-05-3113215903ns14:PoundSterlingns10:Original2022-06-012023-05-3113215903ns10:Originalns10:Director12022-06-012023-05-3113215903ns10:Original2022-06-012023-05-3113215903ns10:Original2023-05-3113215903ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3113215903ns10:Originalns10:SmallEntities2022-06-012023-05-3113215903ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3113215903ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3113215903ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3113215903ns10:Originalns10:FullAccounts2022-06-012023-05-3113215903ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3113215903ns10:CompanySecretary1ns10:Original2022-06-012023-05-3113215903ns10:Originalns10:RegisteredOffice2022-06-012023-05-3113215903ns10:Original2022-05-3113215903ns10:Originalns5:CurrentFinancialInstruments2023-05-3113215903ns10:Originalns5:CurrentFinancialInstruments2022-05-3113215903ns10:Originalns5:Non-currentFinancialInstruments2023-05-3113215903ns10:Originalns5:Non-currentFinancialInstruments2022-05-3113215903ns5:ShareCapitalns10:Original2023-05-3113215903ns5:ShareCapitalns10:Original2022-05-3113215903ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3113215903ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-05-3113215903ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3113215903ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3113215903ns10:Original2021-06-012022-05-3113215903ns10:Original2022-05-3113215903ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3113215903ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3113215903ns10:Originalns5:DeferredTaxation2022-05-3113215903ns10:Originalns5:DeferredTaxation2023-05-3113215903ns10:Originalns10:OrdinaryShareClass12023-05-3113215903ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3113215903ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-05-3113215903ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 13215903 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

TOV 77 LIMITED

TOV 77 LIMITED (REGISTERED NUMBER: 13215903)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOV 77 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr W T Soriano





SECRETARY: A Soriano





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 13215903 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

TOV 77 LIMITED (REGISTERED NUMBER: 13215903)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Investment property 4 2,541,543 2,541,543

CURRENT ASSETS
Debtors 5 48,933 256
Cash at bank 112,334 44,932
161,267 45,188
CREDITORS
Amounts falling due within one year 6 (120,737 ) (31,517 )
NET CURRENT ASSETS 40,530 13,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,582,073

2,555,214

CREDITORS
Amounts falling due after more than one year 7 (2,484,770 ) (2,484,770 )

PROVISIONS FOR LIABILITIES 8 (593 ) (593 )
NET ASSETS 96,710 69,851

CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 10 2,526 2,526
Retained earnings 10 94,084 67,225
SHAREHOLDERS' FUNDS 96,710 69,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TOV 77 LIMITED (REGISTERED NUMBER: 13215903)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2024 and were signed by:





Mr W T Soriano - Director


TOV 77 LIMITED (REGISTERED NUMBER: 13215903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

TOV 77 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the rent received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TOV 77 LIMITED (REGISTERED NUMBER: 13215903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 2,541,543
NET BOOK VALUE
At 31 May 2023 2,541,543
At 31 May 2022 2,541,543

Investment properties were valued on an open market basis and the director considers this to be the fair value at balance sheet date.

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2022 3,119
Cost 2,538,424
2,541,543

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 48,933 256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed to related companies 102,585 -
Taxation and social security - 15,769
Other creditors 18,152 15,748
120,737 31,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Amounts owed to group undertakings 2,484,770 2,484,770

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 593 593

TOV 77 LIMITED (REGISTERED NUMBER: 13215903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2022 593
Balance at 31 May 2023 593

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 June 2022 67,225 2,526 69,751
Profit for the year 26,859 26,859
At 31 May 2023 94,084 2,526 96,610

11. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Tov 7 Limited.

Tov 7 Limited is owned by Walter Tzvi Soriano.